G
Seller's Agent in 2024
George Penner
COMPASS
(626) 807-8558
9 in this area
60 Total Sales
686 S Grand Ave Pasadena, CA 91105
Lower Arroyo Neighborhood
10
Beds
5
Baths
870
Sq Ft
0.28
Acre Lot
Highlights
- Craftsman Architecture
- Built-In Features
- Shed
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Landscaped
About This Home
As of January 2024A rare opportunity to acquire one of Southwest Pasadena's quintessential Bungalow Courts, consisting of (5) five free-standing Craftsman Style bungalows on lush landscaped common grounds, each unit measuring approximately 830 SqFt. Commissioned in 1917 by Edwin F. Hahn, founder of one of Pasadena's oldest businesses, the law firm Hahn & Hahn, this trophy property is located on a highly desirable street, just minutes away from the Arroyo and Old Town Pasadena, and presents a wonderful investment opportunity for its future owner. 686-694 South Grand Avenue pairs period details such as original windows, hardwood floors and fireplace with modern amenities including in-unit washer/ dryer, individually metered utilities and hot water heater in each unit. Units offer a slightly varied layout, ranging between 815 - 870 SqFt each, and are entered through a front-porch opening up to a light-filled living room space with adjacent kitchen. The two bedrooms are connected by a full bathroom with a tub. Four of the five units currently rented, yielding a monthly income of $11,820; its projected rent, fully occupied, is $15,220. Front South unit is vacant and staged for viewings. Three units are currently rented at market value and one below market value.
Last Agent to Sell the Property
COMPASS Brokerage Phone: (626) 807-8558 License #01394929 Listed on: 12/08/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1917
Lot Details
- 12,018 Sq Ft Lot
- No Common Walls
- West Facing Home
- Wood Fence
- Landscaped
- No Sprinklers
Home Design
- Craftsman Architecture
- Bungalow
- Raised Foundation
- Composition Roof
Interior Spaces
- Built-In Features
- Decorative Fireplace
- Laundry in Kitchen
Kitchen
- Gas Range
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Shed
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Assessor Parcel Number 5718004002
Community Details
Overview
- 5 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- Gardener Expense $1,920
- Insurance Expense $8,297
- Pest Control $1,470
- Trash Expense $2,000
- Water Sewer Expense $2,569
- Operating Expense $24,327
- Gross Income $141,840
- Net Operating Income $158,313
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 8, 2023
Closed on
Jan 16, 2024
Sold by
Bought by
Seller's Agent
George Penner
COMPASS
Buyer's Agent
Mark Jerusalem
Engel & Völkers Pasadena
List Price
$2,500,000
Sold Price
$2,725,000
Premium/Discount to List
$225,000
9%
Views
46
Purchase Details
Listed on
Dec 8, 2023
Closed on
Dec 20, 2023
Sold by
Bought by
Seller's Agent
George Penner
COMPASS
Buyer's Agent
Mark Jerusalem
Engel & Völkers Pasadena
List Price
$2,500,000
Sold Price
$2,725,000
Premium/Discount to List
$225,000
9%
Views
46
Purchase Details
Listed on
Dec 8, 2023
Closed on
Nov 17, 2023
Sold by
Bought by
Seller's Agent
George Penner
COMPASS
Buyer's Agent
Mark Jerusalem
Engel & Völkers Pasadena
List Price
$2,500,000
Sold Price
$2,725,000
Premium/Discount to List
$225,000
9%
Views
46
Purchase Details
Closed on
Jun 15, 2006
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $2,725,000 | Lawyers Title | ||
| -- | None Listed On Document | ||
| -- | Accommodation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $700,000 | ||
| Previous Owner | $2,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2024 01/09/24 | Sold | $2,725,000 | +9.0% | $3,132 / Sq Ft |
| 12/19/2023 12/19/23 | Pending | -- | -- | -- |
| 12/07/2023 12/07/23 | For Sale | $2,500,000 | -- | $2,874 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $32,621 | $2,779,500 | $1,555,500 | $1,224,000 |
| 2024 | $5,016 | $335,939 | $208,944 | $126,995 |
| 2023 | $4,971 | $329,353 | $204,848 | $124,505 |
| 2022 | $4,819 | $322,896 | $200,832 | $122,064 |
| 2021 | $4,621 | $316,566 | $196,895 | $119,671 |
| 2020 | $4,472 | $313,321 | $194,877 | $118,444 |
| 2019 | $4,473 | $307,178 | $191,056 | $116,122 |
| 2018 | $4,475 | $301,156 | $187,310 | $113,846 |
| 2016 | $4,273 | $289,464 | $180,038 | $109,426 |
| 2015 | $4,223 | $285,117 | $177,334 | $107,783 |
| 2014 | $4,181 | $279,533 | $173,861 | $105,672 |
Source: Public Records
Agents Affiliated with this Home
-
George Penner
-
Mark Jerusalem
M
Buyer's Agent in 2024
Mark Jerusalem
Engel & Völkers Pasadena
(626) 584-0101
1 in this area
6 Total Sales
Map
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-15978
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 521 Bradford St
- 600 W California Blvd
- 767 S Orange Grove Blvd Unit 1
- 757 S Orange Grove Blvd Unit 1
- 494 California Terrace
- 885 S Orange Grove Blvd Unit 2
- 436 S Arroyo Blvd
- 252 Congress Place
- 265 W California Blvd Unit 1
- 380 S Orange Grove Blvd Unit 12
- 485 Arbor St
- 335 S Orange Grove Blvd
- 380 S San Rafael Ave
- 954 Hillside Terrace
- 260 S Orange Grove Blvd
- 980 Mesa Verde Rd
- 125 Hurlbut St Unit 203
- 125 Hurlbut St Unit 205
- 100 Palmetto Dr Unit 14
- 1201 S Orange Grove Blvd
- 690 S Grand Ave
- 692 S Grand Ave
- 694 S Grand Ave
- 702 S Grand Ave
- 586 La Loma Rd
- 574 La Loma Rd
- 564 La Loma Rd
- 556 La Loma Rd
- 561 Bradford St
- 657 S Grand Ave
- 577 Bradford St
- 581 Bradford St
- 551 Bradford St
- 691 S Grand Ave
- 575 La Loma Rd
- 699 S Grand Ave
- 549 Bradford St
- 709 S Grand Ave
- 534 La Loma Rd
- 626 La Loma Rd
Your Personal Tour Guide
Ask me questions while you tour the home.